Current Federal Tax Developments

View Original

2018-06-11 The Problem with Claiming an Adjustment

Current Federal Tax Developments for the week of June 11, 2018: The Problem with Claiming an Adjustment. Current Federal Tax Developments is brought to you by the state CPA societies and Kaplan Professional Education.

This week we look at the following items:

  • Updated timeline for some TCJA guidance
  • Court accepted father’s testimony for where son lived during tax year
  • Dad denied deduction for payments related to revenue collected for son who lacked a general contractor’s license
  • The IRS grants some relief for §965 transition tax payments
  • Memo deals with confusion that arose due to special meaning certain words have in a tax context

An audio only version of this week's broadcast can be streamed or downloaded below:

Your browser doesn't support HTML5 audio

2018-06-11 The Problem with Claiming an Adjustment Ed Zollars, CPA

A PDF with the articles for this week's developments can be downloaded below:

2018-06-11 Current Federal Tax Developments